Indian-origin businessman Bankim Brahmbhatt, founder of the Bankai Group, faces allegations of orchestrating a $500 million loan fraud that has rocked the global private-credit market.
The US court filings claim his firms, Bridgevoice Inc. and Broadband Telecom Inc., obtained loans from investors like BlackRock and BNP Paribas using fabricated invoices and fake client emails.
This alleged scam, which ran for four years, collapsed in mid-2025 after auditors detected irregularities. Brahmbhatt’s firms have filed for bankruptcy, his offices are shut, and his whereabouts remain unclear as investigators probe the widening financial scandal.
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